280 Mamaroneck Avenue, White Plains, NY

April, 2017- Jeremiah A. Houlihan and James K. Coleman of Houlihan Parnes Realtors, LLC are pleased to announce the arrangement of a 1st mortgage loan in the amount of $2,250,000 on a medical office building located at 280 Mamaroneck Avenue in downtown White Plains, NY. The 3-story building contains a retail store, (16) medical tenants, a self-service elevator and on-site parking for 60 cars.

The loan was placed with a savings bank for a 10-year term at a prevailing interest rate on a 30-yr amortization schedules. The lender charged no commitment fee and the loan has sliding scale prepayment penalties.